Caverion – Crayfish BidCo Oy extends offer period under its tender offer for Caverion Corporation until 1 November 2023; expects to obtain remaining merger control clearance in Finland in October

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW. FOR FURTHER INFORMATION, PLEASE SEE SECTION ENTITLED “IMPORTANT INFORMATION” BELOW.

On 10 January 2023, Crayfish BidCo Oy (the “Offeror“), a Finnish private limited liability company indirectly controlled by the entities comprising Triton Fund V (together “Triton“), announced a voluntary public cash tender offer for all the issued and outstanding shares in Caverion Corporation (“Caverion” or the “Company“) that are not held by Caverion or any of its subsidiaries (the “Tender Offer“). The Offeror has published a tender offer document, dated 7 March 2023, concerning the Tender Offer and supplements to the tender offer document, dated 14 March 2023, 4 April 2023, 13 April 2023, 9 May 2023, 25 May 2023, 16 June 2023, 27 July 2023, 7 August 2023 and 5 September 2023 (the tender offer document as supplemented with the aforementioned supplement documents, the “Tender Offer Document“). The acceptance period under the Tender Offer (the “Offer Period“) commenced on 8 March 2023 at 9:30 a.m. (Finnish time) and was set to expire on 2 October 2023 at 4:00 p.m. (Finnish time).

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